Commercial Real Estate Market in Petal, MS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
56 active listings and 500 off-market properties in Petal, MS.
Market Trends
Petal, MS spans 122.7 square miles in Forrest County, Mississippi. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Petal, MS runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Petal, MS runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Petal, MS runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Petal, MS runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 83.2%
- Commercial 10.5%
- Industrial 3.6%
- Planned_development 2.7%
Largest Zones share of zoned land by district
Low Density Residential
Rural Fringe
General Commercial District
Low Medium Density Residential
Planned Unit Development
Petal, MS zones 10,788 acres across 13 districts. Commercial zoning covers 10.5% of zoned land, residential 83.2% and industrial 3.6%. The largest single district is Low Density Residential at 47.1%. For commercial buyers the practical constraint is that only 14.1% of land carries a commercial or industrial designation.
Low Medium Density Residential (R2)
The purpose of this district is to provide for the protection of existing single-family residential areas and the development of new communities at a low to medium population density, thus assuring the continued stability of such areas
Market overview
Demographics & Economy
Petal, MS has 23,002 residents in 8,854 households. Density runs 187 people per square mile. Median household income here is $73,785 and median gross rent $921 a month.
23,002
Population
8,854
Households
2.6
Avg Household Size
37
Median Age
25%
College-Educated
91%
High-School Grad
122.7 sq mi
ZIP Area
187
Density / Sq Mi
$73,785
Median Household Income
$40,465
Median Earnings
$921
Median Rent
$166,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Oak Grove | — | — |
| Batson | — | — |
| Hattiesburg | — | $14.46 |
| Macedonia | — | — |
Commercial property in Petal, MS asks $2/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Petal?
Commercial property in Petal, MS asks an average of $2 per square foot.
What zoning applies to commercial property in Petal?
Petal, MS zones 10,788 acres across 13 districts, of which 10.5% is commercial and 3.6% industrial. The largest single district is Low Density Residential at 47.1% of zoned land. Residential zoning covers 83.2% and open space 0%.
Where does Realmo's Petal market data come from?
Realmo compiles Petal, MS figures from 54 active sale listings, 2 active lease listings, 500 tracked off-market properties, the current Petal zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 54 active for-sale and 2 active for-lease listings in Petal, MS. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 10,788 zoned acres across 13 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
